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Refer & Earn
Earn real cash rewards, management fee discount and liquidity mining rewards
Generate your custom referral code here. Refer & Earn program is applicable only for the referrals made to GLP Vault.
Olive is in the business of principal-protected yield amplification. We are always looking for new ways to distribute our yield amplification products to retail and institutional investors along with whales & LPs.
To move forward in that direction, we are launching the Olive Refer & Earn program with the following structure:
- Tier 1: 0.5% of TVL to the referrer, 5% discount in management fees to the referee
- Tier 2: 0.75% of TVL to the referrer, 10% discount in management fees to the referee
- Tier 3: 1.0% of TVL and an additional 0.5% of TVL in OLIVE Tokens to the referrer, 15% discount in management fees to the referee
Referral rewards accrue weekly. Unless otherwise mentioned, referrers and referees will get paid in USDC. The price of OLIVE will be based on the last funding round or seven-day TWAP when trading. All referees will earn Olive liquidity mining rewards.
For every $1 million of TVL deployed via referral code, the referrer will receive the following rewards based on their Tier:
- Tier 1: $5,000 USDC
- Tier 2: $7,500 USDC
- Tier 3: $10,000 USDC + $5,000 in OLIVE
Similarly, for every $1 million TVL deployed via referral code, the referee will receive the following cash reward (equivalent to the discount in management fee) + liquidity mining rewards.
- Tier 1: $1,000 USDC + $50,000 in OLIVE
- Tier 2: $2,000 USDC + $50,000 in OLIVE
- Tier 3: $3,000 USDC + $50,000 in OLIVE
The rewards for both referrer and referee will be calculated based on their respective Tier for the week and will be claimable every Monday at 1 PM UTC. However, please note that for a fresh referral, the rewards will start to accrue from the third Monday after the deposit. This is because, as per our current architecture, the management fee gets charged on the third Monday from the day of the deposit.
Note: The developer team will monitor the efficacy of the refer & earn program and, if required, reserves the right to amend any program details to optimise for productive protocol growth.
- Tier 1: Anyone can create this custom code
- Tier 2: Referred active TVL above $3 million
- Tier 3: Referred active TVL above $6 million
Pre-mined OLIVE Tokens are getting accumulated against your wallet address right now. You will be able to claim them after the TGE. Wen TGE?
Last modified 2mo ago